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Correlated equilibrium payoffs and public signalling in absorbing games

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Author Info
Eilon Solan () (Department of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, and School of Mathematical Sciences, Tel Aviv University, Tel Aviv 69978, Israel)
Rakesh V. Vohra () (Department of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 2001 Sheridan Road, Evanston IL 60208)

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Abstract

An absorbing game is a repeated game where some action combinations are absorbing, in the sense that whenever they are played, there is a positive probability that the game terminates, and the players receive some terminal payoff at every future stage. We prove that every multi-player absorbing game admits a correlated equilibrium payoff. In other words, for every >0 there exists a probability distribution p over the space of pure strategy profiles that satisfies the following. With probability at least 1-, if a pure strategy profile is chosen according to p and each player is informed of his pure strategy, no player can profit more than in any sufficiently long game by deviating from the recommended strategy.

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Publisher Info
Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 31 (2002)
Issue (Month): 1 ()
Pages: 91-121
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Handle: RePEc:spr:jogath:v:31:y:2002:i:1:p:91-121

Note: Received: April 2001/Revised: June 4, 2002
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Related research
Keywords: Stochastic games · Absorbing games · correlated equilibrium uniform equilibrium · public signalling;

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Eilon Solan, 2002. "Subgame-Perfection in Quitting Games with Perfect Information and Differential Equations," Discussion Papers 1356, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
  2. János Flesch & Gijs Schoenmakers & Koos Vrieze, 2009. "Stochastic games on a product state space: the periodic case," International Journal of Game Theory, Springer, vol. 38(2), pages 263-289, June. [Downloadable!] (restricted)
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This page was last updated on 2009-11-25.


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